New York State Teachers Retirement System Sells 293,527 Shares of Ford Motor Company $F

New York State Teachers Retirement System lessened its stake in Ford Motor Company (NYSE:F) by 8.2% in the first quarter, Holdings Channel reports. The firm owned 3,275,483 shares of the auto manufacturer’s stock after selling 293,527 shares during the quarter. New York State Teachers Retirement System’s holdings in Ford Motor were worth $37,799,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of F. Caxton Associates LLP acquired a new position in shares of Ford Motor in the 1st quarter valued at approximately $304,000. Empowered Funds LLC boosted its position in shares of Ford Motor by 41.6% during the 1st quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after acquiring an additional 43,385 shares in the last quarter. Jump Financial LLC bought a new position in Ford Motor in the second quarter valued at approximately $172,000. NewEdge Advisors LLC raised its position in Ford Motor by 26.3% during the second quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock valued at $2,907,000 after purchasing an additional 55,741 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its position in Ford Motor by 1.5% during the second quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock valued at $19,786,000 after purchasing an additional 26,526 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded Ford Motor from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. UBS Group lifted their price target on Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Wells Fargo & Company boosted their price target on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. Zacks Research downgraded Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $14.70.

Ford Motor Price Performance

F stock opened at $13.35 on Friday. The stock has a market cap of $53.18 billion, a price-to-earnings ratio of -8.61, a P/E/G ratio of 0.29 and a beta of 1.82. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. The company has a 50 day simple moving average of $13.97 and a 200 day simple moving average of $13.37. Ford Motor Company has a 1 year low of $10.68 and a 1 year high of $17.78.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. The firm had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.14 earnings per share. Research analysts anticipate that Ford Motor Company will post 1.64 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s dividend payout ratio is presently -38.71%.

Ford Motor Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.